715 S Upper Broadway St APT 202Corpus ChristiTX78401
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Corpus Christi at 715 S Upper Broadway St APT 202, Corpus Christi, TX, 78401 generates $1,680/mo in rent and, after a $879/mo payment, leaves $403/mo in cash flow. Total monthly income is $1,680/mo, and annual cash flow is $4,837/yr on $59,504 invested. Return on cash invested sits at 28.04% in year one, and rental yield is 11.23% on a $179,500 entry. Equity gained on principal adds $1,158/yr, while 5% annual appreciation builds toward $49,593 over five years. Five-year ROI reaches 147.75% and total cumulative return in cash sums $87,916. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,680/mo property income rather than buyer’s personal income.
Condo
Built in 1965
1,141 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78401, Corpus Christi, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,066 (100%) |
| Owner Occupied HU | 320 (15.5%) |
| Renter Occupied HU | 1,244 (60.2%) |
| Vacant Housing Units | 502 (24.3%) |
| Median Home Value | $163,415 |
| Average Home Value | $278,161 |
Housing Distribution
Address Breakdown
Residential
1,762
Single Family
699
Multi-Family
1,063
Businesses
1,180
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Listed by: Diane Hill • TexStar Realty
Mls Name: South Texas MLS
Mls ID: #466332